It's any one's guess how much or far the drop will be.
We have barely seen any form of significant correction in the property market.
Much like the stock market, no one will talk about it when it falls significantly.
It may turn out to be a crash in slow motion(or some call it soft landing) and play out over many many years.
One thing for sure, chances are that there is no money to be made if you buy a residential property now.
Forget about residential property investment. (Unless you are hunting for a place to stay, then it's good time to wait and do nothing)
We have barely seen any form of significant correction in the property market.
Much like the stock market, no one will talk about it when it falls significantly.
It may turn out to be a crash in slow motion(or some call it soft landing) and play out over many many years.
One thing for sure, chances are that there is no money to be made if you buy a residential property now.
Forget about residential property investment. (Unless you are hunting for a place to stay, then it's good time to wait and do nothing)